5/11/2010 @ 11:02AM192 views

How Multinationals Can Compete In China

As China gains dominance on the world stage, more and more multinational corporations will need to rethink their assumptions about competing under its state-capitalism model–one in which the government is the principle economic driver.

So says Ian Bremmer, president of the political-risk consulting firm Eurasia Group. Bremmer discusses the fundamental distinctions between state capitalism and free-market economies, as well as the strategic implications this has for Western companies and governments alike in an excellent, albeit too short, McKinsey Quarterly video interview. McKinsey Publishing’s Rik Kirkland conducted the interview in New York.

Key takeaway: What China needs, Western corporations are increasingly loathe to provide. Watch the interview.

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